Amit Walia - 27 Nov 2023 Form 4 Insider Report for Informatica Inc. (INFA)

Role
Chief Executive Officer, Director
Signature
/s/ Jason Cohen, Attorney-in-fact
Issuer symbol
INFA
Transactions as of
27 Nov 2023
Net transactions value
$0
Form type
4
Filing time
29 Nov 2023, 20:17:07 UTC
Previous filing
17 Nov 2023
Next filing
23 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFA Class A Common Stock Award $0 +581,264 +39% $0.000000 2,068,737 27 Nov 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INFA Performance-based Restricted Stock Unit Award $0 +600,000 $0.000000 600,000 27 Nov 2023 Class A Common Stock 600,000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest quarterly over a three year period, in each case subject to the Reporting Person continuing to be a Service Provider through each applicable vesting date.
F2 Includes previously reported RSUs.
F3 Each Performance-based Restricted Stock Unit ("PSU") represents one share of Class A Common stock.
F4 The Performance Period for the PSUs covers the period from the grant date through the 3rd anniversary of the grant date. The award vests for achievement of stock price targets using a 90-calendar day volume-weighted average price ("VWAP"), which must be achieved during the 3-year Performance Period. The award has 3 tranches: (1) Tranche 1 has a stock price target of $30.00 and consists of 300,000 shares; (2) Tranche 2 has a stock price target of $32.50 and consists of 150,000 shares; and (3) Tranche 3 has a stock price target of $35.00 and consists of 150,000 shares. In addition to the performance-based vesting requirements, the reporting person must remain in service with the Company over the Performance Period, in which case shares will vest quarterly over the Performance Period (but shares do not vest based only on continued service).